Constructive Loans in New Jersey vs the state
6.5%Denial rate-11.22 pts vs state
6.8%Decision denial rate-16.23 pts vs state
77.2%Origination rate+21.54 pts vs state
7.06%Median rate+0.31 pts vs state
—Rate spread (pts)
—Median applicant income
322Loans originated
27Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 298 | 259 | 0.0% | 8.25% | #136 |
| 2024 | 526 | 471 | 1.1% | 7.17% | #101 |
| 2025 | 417 | 322 | 6.5% | 7.06% | #135 |
What Constructive Loans lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most Constructive Loans applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Essex County | 150 | 129 | 1 | 0.7% |
| Passaic County | 46 | 16 | 16 | 34.8% |
| Mercer County | 39 | 35 | 1 | 2.6% |
| Camden County | 25 | 23 | 1 | 4.0% |
| Cumberland County | 24 | 20 | 1 | 4.2% |
| Union County | 23 | 14 | 4 | 17.4% |
| Monmouth County | 23 | 13 | 2 | 8.7% |
| Ocean County | 23 | 22 | 0 | 0.0% |
| Hudson County | 17 | 16 | 0 | 0.0% |
| Gloucester County | 7 | 6 | 0 | 0.0% |
Other large lenders in New Jersey
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,339 | 16.1% | 6.75% |
| TD Bank | D | 12,532 | 26.2% | 7.49% |
| Bank of America | F | 12,142 | 30.6% | 6.00% |
| Citizens Bank | C | 12,113 | 28.9% | 7.40% |
| Crosscountry Mortgage | B | 12,042 | 5.3% | 6.75% |
| PNC Bank | D | 10,815 | 27.8% | 7.75% |
| United Shore Financial Services | B | 10,552 | 15.3% | 6.38% |
| Guaranteed Rate | B | 8,643 | 5.5% | 6.58% |
| Newrez | D | 6,535 | 22.5% | 6.99% |
| Loandepot.Com | D | 6,491 | 15.3% | 6.63% |
Frequently asked questions
New Jersey: 417 applications in 2025, of which 322 were originated and 27 denied.
6.5% of all applications, or 6.8% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans Constructive Loans originated in New Jersey in 2025 was 7.06%, against a statewide median of 6.75%.
About this data. Figures are Constructive Loans's own HMDA filing for properties located in New Jersey, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology